Home Tax Form 304 Enterprise Zone Credit

Form 304 Enterprise Zone Credit

Form 304 Enterprise Zone Credit

 

INSTRUCTIONS: ARIZONA ENTERPRISE ZONE CREDIT (Form 304)

 

 

In Arizona, form 304 is used to claim credit to claim credit for operations in an enterprise zone. This document can be obtained from the website of the Arizona Department of Revenue.

 

Arizona Enterprise Zone Credit 304 Step 1: If not filing for the calendar year pre-printed on the form, enter the beginning and ending dates of your fiscal year.

 

Arizona Enterprise Zone Credit 304 Step 2: Enter your name as it appears on form 140, 140PY, 140NR, 140X, 120, 120A, 120S, 120X or 165 in the first blank box.

 

Arizona Enterprise Zone Credit 304 Step 3: Enter your Social Security number or employer identification number in the second blank box.

 

Arizona Enterprise Zone Credit 304 Step 4: In Part I, provide all information requested on lines 1 through 4 regarding your business.

 

Arizona Enterprise Zone Credit 304 Step 5: In Part II, document your net increase in average number of full time employees on lines 5 through 7 as instructed.

 

Arizona Enterprise Zone Credit 304 Step 6: In Part III, document your maximum number of qualified employment positions on lines 8 through 11c as instructed.

 

Arizona Enterprise Zone Credit 304 Step 7: In Part IV, document your limitation on the number of qualified employment positions on lines 12 and 13 as instructed.

 

Arizona Enterprise Zone Credit 304 Step 8: Enter your name and tax identification number at the top of the second and third pages.

 

Arizona Enterprise Zone Credit 304 Step 9: In Part V, calculate your credit for qualified employment positions on lines 14 through 18 as instructed.

 

Arizona Enterprise Zone Credit 304 Step 10: Part VI is for limited liability companies only. If applicable, indicate the federal tax classification of your company with a check mark on line 19.

 

Arizona Enterprise Zone Credit 304 Step 11: Part VII is for completion by S corporations only. If applicable, complete lines 20 through 23 as instructed.

 

Arizona Enterprise Zone Credit 304 Step 12: Document each partner's share of the credit, if applicable, on lines 24 through 26 of Part VIII.

 

Arizona Enterprise Zone Credit 304 Step 13: Document your available credit carryover on lines 27 through 33 of Part IX.

 

Arizona Enterprise Zone Credit 304 Step 14: On lines 34 through 36 of Part X, compute your total available credit. 

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